Business and City in Brief

French airline to start Gatwick run

French airline Air Liberte said it would open four links a week between Paris-Orly and Gatwick airports from 12 September. It had previously been refused landing rights at both Heathrow and Gatwick, but it claimed yesterday it had been granted four slots at Gatwick.

The company, which is privately owned, suggested that complaints it filed about unfair trading practices against the British airport authorities with the European Union Commission in Brussels might have caused the change of heart.

Steelworks plan

A consortium involving Philippine, South African and Taiwanese firms said it would buy British Steel's mothballed Ravenscraig plant in Scotland and transfer it to the Philippines at a cost of dollars 1.2bn.

Nuclear adviser

Nuclear Electric said it had appointed Morgan Stanley, the investment bank, to advise on detailed proposals for privatisation.

Sinking profits

Japan's 150 banks suffered an average 31.5 per cent decline in profit for the year to 31 March, the fifth successive year of profit falls.

BPB appointment

The plasterboard group BPB, due to announce full year results today, has appointed Jean- Pierre Cluny as chief executive from 1 August. His appointment follows the departure last July of John Maxwell after nine months in the job.

Persil tests

A consumer testing body is to re-examine the new Persil washing powder that critics say 'rots clothes'. The Good Housekeeping Institute had given its backing to the cleaning ability of Persil Power whose maker, Unilever, used the endorsement in advertisements. But the institute said it was withdrawing its support because Unilever had changed the make-up of the powder.

Boost for jobs

Samsung, the Korean electronics company, is to create 240 new jobs on Teesside in an pounds 11m investment programme over three years. It is expanding its television plant at Billingham.

Talks resume

Ford has resumed negotiations about co-operation with Mazda, the Japanese car maker in which it has a 24.5 per cent stake.

Magazine deal

Emap has acquired the magazines Land Rover Owner International and International Off- Roader and 4x4 for pounds 2.25m from LRO Publications.

WORLD MARKETS

New York: Profit taking erased an earlier gain to leave the Dow Jones Industrial Average down 2.59 points at 3,667.05.

Tokyo: Volatile trade dominated by the dollar's continued slide against the yen left the Nikkei average 158.23 lower at 20,481.

Hong Kong: Prices recovered most of the ground lost early in the session as the Hang Seng index closed 33.18 down at 8,640.31.

Sydney: The All Ordinaries index edged up 0.7 of a point to 1,975.1 in moderate trading.

Bombay: Failing to sustain an early advance ahead of today's end of the account, the index lost 53.41 points to 4,158.42.

Johannesburg: Losses across the board sent the overall index tumbling 65 points to 5,422.

Paris: Tracking the bond market throughout the session, the CAC- 40 index ended with a 10.57- point improvement at 1,936.33.

Frankfurt: Quiet trade lifted the DAX index 28.04 to 2,046.3.

Zurich: Futures-related buying improved the Swiss Performance Index 13.12 points to 1,737.01.

London: Report, page 38.

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksA special investigation by Andy McSmith
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Evening Administrator

£8 per hour: Recruitment Genius: This Pension Specialist was established early...

Guru Careers: Executive Assistant / PA

£30 - 35k + Bonus & Benefits: Guru Careers: We are seeking an Executive Assist...

Ashdown Group: Graduate Application Support Analyst

£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...

Reach Volunteering: External Finance Trustee Needed!

Voluntary post, reasonable expenses reimbursed: Reach Volunteering: Would you ...

Day In a Page

Homeless Veterans campaign: Donations hit record-breaking £1m target after £300,000 gift from Lloyds Bank

Homeless Veterans campaign

Donations hit record-breaking £1m target after huge gift from Lloyds Bank
Flight MH370 a year on: Lost without a trace – but the search goes on

Lost without a trace

But, a year on, the search continues for Flight MH370
Germany's spymasters left red-faced after thieves break into brand new secret service HQ and steal taps

Germany's spy HQ springs a leak

Thieves break into new €1.5bn complex... to steal taps
Mark Zuckerberg’s hiring policy might suit him – but it wouldn’t work for me

Mark Zuckerberg’s hiring policy might suit him – but it wouldn’t work for me

Why would I want to employ someone I’d be happy to have as my boss, asks Simon Kelner
Russia's gulag museum 'makes no mention' of Stalin's atrocities

Russia's gulag museum

Ministry of Culture-run site 'makes no mention' of Stalin's atrocities
Virginia Ironside was my landlady: What is it like to live with an agony aunt on call 24/7?

Virginia Ironside was my landlady

Tim Willis reveals what it's like to live with an agony aunt on call 24/7
8 best workout DVDs

8 best workout DVDs

If your 'New Year new you' regime hasn’t lasted beyond February, why not try working out from home?
War with Isis: Iraq's government fights to win back Tikrit from militants - but then what?

Baghdad fights to win back Tikrit from Isis – but then what?

Patrick Cockburn reports from Kirkuk on a conflict which sectarianism has made intractable
Living with Alzheimer's: What is it really like to be diagnosed with early-onset dementia?

What is it like to live with Alzheimer's?

Depicting early-onset Alzheimer's, the film 'Still Alice' had a profound effect on Joy Watson, who lives with the illness. She tells Kate Hilpern how she's coped with the diagnosis
The Internet of Things: Meet the British salesman who gave real-world items a virtual life

Setting in motion the Internet of Things

British salesman Kevin Ashton gave real-world items a virtual life
Election 2015: Latest polling reveals Tories and Labour on course to win the same number of seats - with the SNP holding the balance of power

Election 2015: A dead heat between Mr Bean and Dick Dastardly!

Lord Ashcroft reveals latest polling – and which character voters associate with each leader
Audiences queue up for 'true stories told live' as cult competition The Moth goes global

Cult competition The Moth goes global

The non-profit 'slam storytelling' competition was founded in 1997 by the novelist George Dawes Green and has seen Malcolm Gladwell, Salman Rushdie and Molly Ringwald all take their turn at the mic
Pakistani women come out fighting: A hard-hitting play focuses on female Muslim boxers

Pakistani women come out fighting

Hard-hitting new play 'No Guts, No Heart, No Glory' focuses on female Muslim boxers
Leonora Carrington transcended her stolid background to become an avant garde star

Surreal deal: Leonora Carrington

The artist transcended her stolid background to become an avant garde star
LGBT History Month: Pupils discuss topics from Sappho to same-sex marriage

Education: LGBT History Month

Pupils have been discussing topics from Sappho to same-sex marriage